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Level 1
March 17, 2021

My broker did not send me proceeds of stock sale but issued 1099-B

  • March 17, 2021
  • 1 reply
  • 6 views

An online brokerage sold stock on my behalf due to a merger in 2020.  It required me to sign a form before receiving a proceeds check.  I did not sign the form or receive the check in 2020.  Yet the broker sent a 1099-B to the IRS, implying that I have received the proceeds.

Am I still liable to pay the income tax on the proceeds even though I never received  any proceeds?

Is the broker within the law by reporting the proceeds to the IRS without delivering it to me?

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    1 reply

    qbteachmt
    Level 15
    March 17, 2021

    You seem to be lost on the internet.

    You’ve come to a Peer User community for Intuit Tax Preparation products supporting tax preparation professionals using ProSeries, Proconnect and Lacerte , and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.

    Thanks.

     

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